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Search Results 0 to 19 of about 20 (some duplicates have been removed)
. the government gets the money from us. i do not see how they have the right to sit there and play politics with each other and try to make decisions that are going to just benefit them. maybe a small part of the population. this is the united states. we're supposed to be tried to help everybody. we cannot be scared of what is clear to happen to us when many people are barely able to meet their bills. they may have to be afraid of what is going to happen to them. what kind of government would do that to their people? they should try to make us feel calm. like we are really going to get something done. host: from crawford, indiana this morning. on twitter -- another tweet i want to read this morning -- jodi wrtes in -- we will be taking your calls all of this morning for this segment and the next segment on the "washington journal." we told you what was going on in the senate. here is "roll-call" newspaper and what is being prepped in the house today -- alan ota writes, the speaker made it clear -- that is what is going on in the house. let's go to charles on a republican line from maryland.
or canceled. or to tell various agency the-- the t.s.a., f.a.a., all through the federal government, lay people off, this is real, because they seaport negotiations are not getting anywhere near a deal and they have to prepare for the cutting side of the fiscal cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn
between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch comes. there are consequences to this. it could be that america will be downgraded again. after all back in august of 2011
at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our
to the president's desk. tracy: click and expedient. lori: the efficiency. tracy: u.s. government set to hit the legal borrowing limit on monday. 16.$4 trillion federal debt limit beginning to come down and toch congress passes legislation or defaults. treasury secretary tim traders said the treasury would begin to undertake "extraordinary measures to stave off default quote that could $3,200,000,000,000 of additional funding which would give them two more months this is creative accounting. we have many. lori: the overspending is the understatement. the bond yield is lower investors are thinking this is the safest bet stocks are falling the dow was off 100 points europe is a mess in china slows down the global economy in dire straits and we cannot stop spending there is no message in interest rates are rising as they should to prepare for another downgrade which is very concerning talking about the economic data data, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodgers from rutgers unive
this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and default. we heard talk about social security payments not going out and that kind of thing. that's all led to the first downgrade in the u.s. credit rating, the stock market tanked. that was a ugly scenario. on top of the fiscal cliff, we may go through this all over again. it's another drag on the markets and on the whole economy at exactly the wrong time. >> when you say drag, though, give us an example of what you mean. we talked about january 2nd, everybody goes back to work and markets open. are we going to see a lot of volatility. all of a sudden it crashes down at once. what ha
communications are looked at by the government. people want amendments. unfortunately congress once again is acting at the last minute trying to renew something about to expire and there is probably not the time to do revisions that are necessary. that's a problem here. harris: because critics want this to be revised as you just put it. the white house doesn't. it wants it to pass the way it is. a lot of people are in favor of it because it is helping to keep us safe since there is homegrown terror in the united states and we need to find it. i want to if which have the words put it up on the screen. kentucky senator rand paul had this to say on the senate floor yesterday. and what he was basically saying is that this interferes and disputes the power of the fourth amendment. and that it needs to be changed. again, dan, you say we may not see any changes to it because the deadline is tuesday? >> it is really important to note that even the supporters of renewing acknowledge there needs to be reform. there needs to be more oversight. we need to know more how the fisa court works. we want m
is suspending all of its oil exports. its regional government says iraq's central government has underpaid its share of export revenue. the export halt affects about 100 thousand barrels of crude every day. >>> terrorist cell arrests and shiftdown hurt oil futures as they hit a two-month high. crude settled up more than 2 1/2%, closing at $90.98 a barrel. we'll turn our attention attention to something less economic oriented but something certainly important. that's syria. one of syria's top generals defected alleging chemical weapons are being used by the assad regime against rebels. has the u.s.'s red line for intervention been crossed? details coming up on that. >>> thousand of union dock workers could bring ports across the gulf coast and eastern seaboard to a standstill starting this weekend. details how that could shipwreck busissesacross the united states coming up. do you ever have too much money? i think not. ♪ adam: a top syrian general stunning the assad regime defecting to the side of the bels. in a videotaped statement that general claims assad's forces used chemical weapons aga
a deep channel. >>> and america's population growth is slowing down. the government says it's due to lower birth rates during the economic recession and lower immigration numbers. as we start the new year, there will be 315 million people in the united states. the population, though, has grown less than .75% since 2010. so a slower rate of growth. still, 315 million people is -- >> seems like enough people in some places, that's for sure. thanks, lisa. >>> hopes have been crushed and families in the making ripped apart. a new law bans americans from adopting russian children. ng tom about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> from what we surmise, this meeting at the white house between the presiden
,000 a year would pay an extra two grand or so to the government. gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann.
day pain relief with just two pills. >>> look, look. >> this is syria today. government war plains bombed the city of homs. it happened in alep powe as well. at least 80 people are reported dead across the country today. air strikes like these or in street fighting. these twin boys were among the 160 people killed in syria yesterday. it is so tragic. this is where they died. the man who shot this video said that syrian military artillery hit their home. it happen add few miles from where more than a hundred civilians died in a government air strike just a few days ago. >>> a man sent to syria to try to negotiate the end to the civil war says it could be over in a come of months. he's meeting with both sides in damascus, the rebels as well as the leaders. he speaks for thenited nations, not just syria. >> translator: some say i have come here to market a russian american project. i wish i could. there is no russian american problem so hence i did not come to market it. >> i want to bring in richard ross. brahimi is somebody who's very well respect bud somebody who's optimistic. when
a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is being sent to president obama and he is expected to sign it. >>> and the state's same-sex marriage law went into effect at midnight. the first in line to tie the knot, and they say they've been waiting years for this moment. >> it's very surreal still. we didn't -- we didn't expect all the cameras and everything tonight. >> we finally feel equal, and happy to live in maine. >> it's official now. >> after nine years, it's -- it's all good. >> yep. >> maine, washington state approved same-sex marriage, it's already legal in d.c. and six other states. >>> let's turn to the weather. face it, it's affecting a huge chunk of the nation right now. >> there's a lot of snow out there. in fact, snow currently covers more than half of the lower 48 states and unfortunately for some people, the storm's not over yet. le
geithner warned the government would hit its legal borrow i borrowing limit i limit by monday. geithner says the treasury will be forced to take, quote, extraordinary measures to keep paying the bills. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise can't be reached by next week on those big unanswered issues. with both sides locked in the standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts and incomes below $250,000, prolong unemployment benefits, and delay those sweeping spending cuts. sam stein. >> yes. >> what happens in -- and it appears it will happen -- we go off the fiscal cliff for a few days? >> not much, is my understanding. kwb, over time, it will have much more of an impact, and it's unknown exactly what the market's psyche will do with respect to the government's inability to come together. with respect to the tax hikes, it won't be as bad as the rhetoric is suggesting early on. whether it's enough to actually get people to
and scope of government in a way responsible to the voters of that midterm election. instead what we're almost certain to see is an expansion of government in the name of reintroducing it. we're likely to see much bigger government long term. we're not likely to deal with entitlement reforms as we need to do. as you suggest the president is pushing some short-term spending increases often in washington turn into long-term spending increases. gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at "the weekly standard" and one of most handsome and well-regarded editors in the country as everybody knows. look, i think he was making what was, in effect a practical case. there are people who are making this case behind the scenes. you have seen, he said, get it over with. move beyond this. there are others saying absolutely not. republicans can't cave on the principle of raising tacks. i think interesting thing in wh
this morning, saying the russian government's politically motivated decision will reduce adoption possibilities for children who are now under institutional care. were further concerned about statements that adoptions already under way may be stopped and hope that the russian government will allow those children who have already met and bonded with their future parents to finish the necessary legal procedures so that they can join their families. and as matthew said, there are just about 50 children that are in the pipeline right now. what senior state department officials are telling me is that they're hoping to get at least those through the pipeline, those children who have already met these parents to be able to be united with them, and then they'll work on trying to lift the whole ban, suzanne. >> elise, is there any kind of advice they're giving those families, those americans, who have already met with their potential children? what should they be doing now? >> reporter: well, right now all they can do, suzanne, is sit tight. they really -- the state department is working on these childr
a archaic 1947 law, unless the new bill is passed by december 31st, the government will be forced to buy vast quantities of milk at twice the wholesale rate. two bills are in congress. the senate passed one for $23 billion in savings. the house is looking to enact 35 billion. the sticking point the full house of representatives hasn't approved the bill. >> the farm bill is like this low hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tens of billions of dollars in budget savings. and then they can figure out where else they need to cut spending after that. >> reporter: the secretary of agriculture tom vilsack has said his department is preparing a case the permanent law comes into effect. temporary solution is to attach a farm bill extension to the fiscal cliff legislation. harris? harris: is there anything besides milk we need to be aware of? are we looking potentially at higher prices among many farming commodities for example? >> reporter: yeah. it is not just the cows. it is the crops too. it is possibility the go
.s. government. deals of the government. lockheed martin, granted construction. grumed. saint jude medical. motorola, waste manage: these are companies that not only have big contracts with the government but employ a lot of people who should these contracts not be renewed to the extent they are right now. those employees could be facing an uncertain future. >> harris: wow, at a time when we're still trying to generate enough jobs to break even at the end of the month. >> that's right. >> harris: adam shapiro, thank you. three police officers recovering from a rampage that played out inside their police station. it happened in southern new jersey. they say a man police had arrested for domestic violence started shooting. >> while he was being processed, he got into a violent confrontation with the officers. he fired -- he obtained a firearm. he fired and struck three of the officers. >> harris: then those officers shot that man dead. david lee miller live in the newsroom. david lee, how did this guy get his hands on a gun inside a police station. >> harris, he was being processed at the t
. in january the supreme court ruled that before the government places a gps tracking device on your vehicle it has to get a search warrant. four months later it said that children conceived through in-vitro are not automatically entitled to benefits after the death of a parents. what the court could look like from here. doug burns a former federal prosecutor and criminal defense attorney. and john manweli, a former criminal defense attorney. waoepl mawaoepl may not influence that the high court cases influence people practicing law day-to-day. doug -rpbgs tel tell me your thoughts on the healthcare. >> a lot of the people ran out of building saying it's been struck down. it was struck down on commerce clause grounds and the necessary and proper clause grounds. jaime: it had to be. >> there it was on page 10 that it was being upheld as a tax which i agree w. the long and short of it was it's the same analysis that we rendered all yearlong. it's 2700 pages long, i'm not sure anybody understan understands. i asked a friend of mine who is a physician can you tell me what is in the health code.
a year with this increase for senior executives in government. so, literally, think about this. they're talking about the fiscal cliff, they're talking about raising taxes and cutting spending. the only thing that's been accomplished thus far is to raise spending by about a billion dollars a year. >> dave: i think in particular rubs americans the wrong way when they see this, members of congress average salary, 174,000. average american, $48,000. that's on top of the fact that we see all the time, they take off, these long recesses and oh, by the way not passing bills and on top of this, this was by executive order, the president did this himself. >> yeah, it was done late at night, obviously, not great politics. i'm not quite sure what the thought process is here, maybe they think it's going to somehow incentivize members of congress to move things in a certain direction, but again, i think it's a terrible idea. it shows the disconnect with the country. keep in mind, washington d.c. last year passed the silicon valley as the town now as the highest per capita income in the country.
Search Results 0 to 19 of about 20 (some duplicates have been removed)